Prepaid stored value cards—a product experiencing explosive growth—have been suspected of providing an ideal money laundering instrument to anonymously move monies associated with all types of illicit activity, without fear of documentation, identification, law enforcement suspicion, or seizure. Therefore, there is some conjecture that it is very likely that drug traffickers and criminals alike are exploiting and will increasingly exploit the convenience and anonymity of prepaid stored value cards to launder and move funds associated with their illicit enterprises. As a result, Prepaid stored value cards have increasing become the target of regulation. Our course is designed to keep your employees abreast of the ever changing regulatory landscape and to ensure that your organization is in compliance with the various regulatory requirements.
